NexGen Energy Ltd. (TSE:NXE) Stock Has Average Price Target of C$20.40 According to Brokerages

NexGen Energy Ltd. (TSE:NXE) has earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$20.40.

A number of analysts have commented on NXE shares. JPMorgan Chase & Co. set a C$19.00 price objective on shares of NexGen Energy and gave the company an “overweight” rating in a research note on Monday, September 21st. National Bank Financial set a C$21.00 price target on shares of NexGen Energy and gave the stock an “outperform” rating in a research note on Monday, September 21st. Finally, Jefferies Financial Group set a C$21.00 price target on NexGen Energy and gave the company a “buy” rating in a report on Thursday, September 3rd.

NexGen Energy Stock Down 5.0%

Shares of NXE stock opened at C$11.37 on Friday. NexGen Energy has a 1 year low of C$10.36 and a 1 year high of C$18.91. The company has a debt-to-equity ratio of 33.24, a quick ratio of 8.20 and a current ratio of 1.46. The stock has a market cap of C$7.62 billion, a PE ratio of -27.07 and a beta of 1.76. The business’s fifty day moving average is C$13.52 and its 200-day moving average is C$14.38.

NexGen Energy (TSE:NXE) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C($0.02) earnings per share (EPS) for the quarter. Equities analysts expect that NexGen Energy will post -0.07 earnings per share for the current fiscal year.

NexGen Energy Company Profile

NexGen Energy is a Canadian company focused on delivering clean energy fuel for the future. The Company’s flagship Rook I Project is being optimally developed into the largest low-cost producing uranium mine globally, incorporating the most elite environmental and social governance standards. The Rook I Project is supported by an N.I. 43-101 compliant Feasibility Study, which outlines the elite environmental performance and industry-leading economics. NexGen is led by a team of experienced uranium and mining industry professionals with expertise across the entire mining life cycle, including exploration, financing, project engineering and construction, operations and closure.